Description (Please provide a detailed description of the event in the box below)

This announcement has been prepared by Loyz Energy Limited (the "Company") and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

Mr Teo Choon Kow @ William Teo has resigned as an Non-Executive Chairman of the Board and Independent Director of the Company after serving 9 years as a Director of the Company. The decision is undertaken in an effort to meet the guideline in the 2012 Code of Corporate Governance.

The Company's sponsor, ZICO Capital Pte. Ltd., after having interviewed Mr Teo, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Teo as a Director.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?

No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?

No

Any other relevant information to be provided to shareholders of the listed issuer?

No

Date of Appointment to current position

23/07/2008

Does the AC have a minimum of 3 members (taking into account this cessation)?

Yes

Number of Independent Directors currently resident in Singapore (taking into account this cessation)

2

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months

1

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent Director and Chairman of the Board, Chairman of Audit Committee, Member of Nominating, Remuneration and Risk Management Committee

Role and responsibilities

Independent and Non-Executive

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries